September 5, 2018
Ibama has rectified the drilling license issued to Equinor to drill exploratory wells on the Carcará project in the BM-S-8 block in the Santos Basin pre-salt, and extended the license for the drilling of up to five exploration wells and one training test in the area of Norte de Carcará, won by the oil company in the 2nd pre-salt auction held in October last year.
With the rectification of the license, the company is allowed to drill up to 12 exploratory wells in the region of the Carcará project for a period of four years. The company has 15 days to present the updated well drilling schedule in the region.
In January, Equinor received an environmental permit from IBAMA for the drilling of up to seven wells in the exploratory block area BM-S-8. The permit also allows for a short-term training test in an existing well. In June, the company began the environmental licensing of five more wells in the area of Norte de Carcará. The company is also licensed to conduct a short-term training test on the project.
The campaign will use Brasco’s base in Niterói as logistical support.
The Norwegians have adopted the same strategy used by Shell to anticipate its licensing in production sharing projects before it even performs seismic in the area. Shell went to Ibama with its project one day after signing the production-sharing contracts and is licensing the drilling of five other wells in the pre-salt, two in the southern block of Gato do Mato, in the Santos Basin, and three in the Alto block of Cabo Frio Oeste, Santos Basin. Shell plans to start drilling campaigns in January 2019.
This is the first drilling campaign released for Equinor in the pre-salt area. The Norwegian company bought Petrobras’ stake in the project in 2016. In October, shortly after closing the North Block of Carcará, the consortium formed between Statoil, ExxonMobil and Galp informed the reorganization a new corporate reorganization in the project.
Equnior, which acquired Petrobras’ 66% stake in BM-S-8 for US $ 2.5 billion, sold to ExxonMobil half of that share for US $ 1.3 billion. In addition, it sold 3.5% and 3%, respectively, of the 10% portion that it bought from Queiroz Galvão E & P in the area to ExxonMobil and Galp, an operation that moved another US $ 250 million.
Source – epbr